Afternoon Note
The market is a sea of red and on track for weekly losses after mega cap stocks and semiconductors stocks retreated, while big banks fell after reporting mixed quarterly earnings.
Geopolitical tensions in the Middle East are also adding pressure to the market this afternoon. The volatility index “VIX” is up 25% and on track to its biggest daily jump since 2022.
On the economic front, the Consumer Sentiment index declined more than expected in April to 77.9. Inflation expectations for one and five-to-ten years moved up notably this morning.
1 year
5-10 year
Stay nimble but stay in the game.
Have a great weekend.
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5/21/2024 9:41 AM | FED-SPEAK IS THE MISSION |
5/20/2024 1:14 PM | Precious Metal Surge |
5/20/2024 9:49 AM | Different Kind of Animal Energy |
5/17/2024 1:45 PM | Near Record Highs |
5/17/2024 9:31 AM | DIFFERENT VALUATION METRICS |
5/16/2024 1:23 PM | Dow 40,000 |
5/16/2024 9:40 AM | AUTOPILOT FEELS SO GOOD |
5/15/2024 1:53 PM | New Hope |
5/15/2024 9:41 AM | CHAMPING AT THE BIT (INVESTORS BEGINNING TO CHASE) |
5/14/2024 1:24 PM | Small Moves |
5/14/2024 9:22 AM | Marking Time |
5/13/2024 1:37 PM | Snuffed Out |
5/13/2024 9:37 AM | BRACING FOR MORE INFLATION DATA |
5/10/2024 1:23 PM | Cold Water |
5/10/2024 9:58 AM | IN TUNE |
5/9/2024 1:09 PM | Disconnect |
5/9/2024 9:39 AM | THE SEVENTH (TRADING) DAY OF MAY |
5/8/2024 1:49 PM | Mixed Note |
5/8/2024 9:37 AM | CHANGING NARRATIVES |
5/7/2024 1:50 PM | Building Gains |
5/7/2024 9:36 AM | HOPING MICKEY SAVES THE DAY |
5/6/2024 1:59 PM | Rate Cut Hopes |
5/6/2024 9:17 AM | LOOKING FOR MOMO TO KICK BACK IN |
5/3/2024 1:41 PM | Cheering the News |
5/3/2024 7:33 AM | TIM COOKS THE (RECORD) BOOKS |
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